Description
The property comprises a detached two storey building arranged over basement, ground, first and second floor levels with exposed brick and painted rendered elevations beneath a part pitched and part flat roof.
Location
Located in the London Borough of Bexley in South East London, 13.0 miles (20.9 kilometres) south east of Central London, 1.0 mile (1.6 kilometres) north east of Sidcup town centre and 3.5 miles (5.6 kilometres) south west of Bexleyheath.
Ye Olde Black Horse is situated fronting Halfway Street in the established suburb of Lamorbey, within a predominantly residential area. The property occupies a prominent roadside position close to the junction with Blackfen Road, with nearby occupiers including Tesco Express, Costa Coffee, Greggs, Superdrug and a range of local independent retailers, cafés and community amenities. The surrounding area benefits from a dense residential catchment and strong links to Sidcup, Blackfen and Bexleyheath.
Specifications
Ground Floor
The ground floor provides front and rear trading areas together with a rear dining area, arranged around a central bar servery. Customer seating is provided on loose tables, chairs and fixed benches for approximately 78 customers. Ancillary accommodation includes customer WCs, a trade kitchen and a separate preparation and wash-up area.
Basement
The basement is accessed from the side of the bar area and provides a beer cellar and storage.
First Floor
The first floor provides extensive private residential and ancillary accommodation comprising a former function room, living room, kitchen, bathroom and office.
Second Floor
The second floor provides further accommodation comprising four double bedrooms and storage.
Externally
There is a large beer garden to the rear with seating on tables, chairs and benches for approximately 216 covers. There is parking to the side elevation for 12 vehicles.
Tenure
The property is held freehold (Title Number SGL57684).
Tenancy
The property is let in its entirety to Greene King Brewing and Retailing Limited on a lease expiring 23 June 2035 at a current passing rent of £90,000 per annum which is subject to five yearly open market reviews with the next review on 24 June 2030.
Planning
The property is not listed and is not situated within a Conservation Area.
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
EPC
An EPC is in the course of preparation.
Covenant
The property is let to Greene King Brewing and Retailing Limited which forms part of the wider Greene King Limited company. The group is one of the leading pub retailers and brewers in the UK, currently owning and operating approximately 2,520 pubs, restaurants and hotels with revenue of £2,539m in the 53 weeks to 4 January 2026.
Greene King was founded in 1799 with the pub company’s headquarters in Bury St Edmunds, Suffolk and in 2019, CK Asset Holdings completed the acquisition of the company for £2.7bn making this one of the largest portfolio acquisitions in the pub sector.
The company is renowned for its Chef & Brewer and Hungry Horse brands, however they operate a number of formats including Farmhouse Inns, Belhaven, Wacky Warehouse, Hightales, Flaming Grill, Hickory’s, and Greene King Inns.
Terms
We are instructed to invite offers in excess of £1,130,000 (7.5% NIY) assuming the usual purchasers costs.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.
